Vidhi Specialty Food Ingredients LimitedQ2 FY27 Results & Financial Update
Vidhi Specialty Food Ingredients Limited: Q2 FY27 consolidated results and company financials – revenue ₹136.51 Cr, PAT ₹17.62 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Vidhi Specialty Food Ingredients Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Vidhi Specialty Food Ingredients Limited reported consolidated total revenue of INR 136.51 crore for the quarter ended September 30, 2026 (Q2 FY27), reflecting a sequential contraction of 6.68% compared to INR 146.28 crore in Q1 FY27.
Total income for the quarter stood at INR 137.00 crore, moving in line with top-line revenue trends and showing a moderate sequential decline from the previous period's INR 146.48 crore.
Despite the dip in quarterly revenue, profitability metrics expanded sequentially as the company generated a Profit Before Tax (PBT) of INR 23.65 crore, marking a 2.76% increase over INR 23.02 crore reported in the preceding quarter.
Profit After Tax (PAT) for Q2 FY27 rose to INR 17.62 crore, delivering a 2.94% sequential growth compared to INR 17.12 crore in Q1 FY27 and pushing the PAT margin up by roughly 121 basis points to 12.91%.
Basic Earnings Per Share (EPS) for the quarter improved correspondingly to INR 3.52, compared to INR 3.43 in the preceding period.
Other income for the quarter contributed INR 0.49 crore, while interest income stood at INR 0.57 crore, providing supportive non-operating inflows during the period.
Financing costs remained modest at INR 1.01 crore, and depreciation and amortization charges were recorded at INR 2.21 crore, maintaining stable overhead structures relative to overall scale.
01 · Business model
What does Vidhi Specialty Food Ingredients do?
Vidhi Specialty Food Ingredients Limited operates in the specialty chemicals sector, focusing primarily on the manufacturing and supply of synthetic food colors and related ingredients.
The company's product offerings cater to diverse consumer and industrial applications, including food and beverage processing, pharmaceuticals, cosmetics, and animal feed.
Vidhi distributes its specialty formulations across domestic and international markets, serving a broad customer base that demands precise color standards and regulatory compliance.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹136.51 Cr | ₹146.28 Cr |
| Total income | ₹137.00 Cr | ₹146.48 Cr |
| Profit before tax | ₹23.65 Cr | ₹23.02 Cr |
| Profit after tax | ₹17.62 Cr | ₹17.12 Cr |
| EPS | ₹3.52 | ₹3.43 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 12.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 17.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.49 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue from operations for Q2 FY27 was recorded at INR 136.51 crore, down 6.68% sequentially from INR 146.28 crore in Q1 FY27.
Total income reached INR 137.00 crore for the quarter, bolstered by INR 0.49 crore of other income and INR 0.57 crore of interest income.
What drove margins
PAT margin expanded sequentially by approximately 120.65 basis points to reach 12.91% in Q2 FY27, up from 11.70% in Q1 FY27, despite lower top-line revenue.
Finance costs of INR 1.01 crore and depreciation expenses of INR 2.21 crore remained consistent, supporting margin resilience during the quarter.
04 · Reported developments
What changed operationally
Consolidated Profit After Tax grew by 2.94% sequentially to INR 17.62 crore in Q2 FY27 from INR 17.12 crore in Q1 FY27.
PAT margin improved by over 120 basis points sequentially, indicating favorable operational efficiencies or product mix adjustments during the quarter.
05 · Pressure points & risks
What is not going smoothly
Quarterly revenue from operations decreased by 6.68% sequentially from INR 146.28 crore in Q1 FY27 to INR 136.51 crore in Q2 FY27.
06 · Items worth noticing
The line items that can distort a quick read
The company reported zero provisions for Q2 FY27.
07 · Previous-quarter changes
What changed since the previous quarter
Revenue decreased from INR 146.28 crore in Q1 FY27 to INR 136.51 crore in Q2 FY27.
PAT increased from INR 17.12 crore in Q1 FY27 to INR 17.62 crore in Q2 FY27.
08 · Key Q&A
The quarter, answered directly
What does Vidhi Specialty Food Ingredients do?
Vidhi Specialty Food Ingredients Limited operates in the specialty chemicals sector, focusing primarily on the manufacturing and supply of synthetic food colors and related ingredients.
What is the clearest takeaway from Q2 FY27?
Vidhi Specialty Food Ingredients Limited reported consolidated total revenue of INR 136.51 crore for the quarter ended September 30, 2026 (Q2 FY27), reflecting a sequential contraction of 6.68% compared to INR 146.28 crore in Q1 FY27.
What drove revenue or demand?
Consolidated revenue from operations for Q2 FY27 was recorded at INR 136.51 crore, down 6.68% sequentially from INR 146.28 crore in Q1 FY27.
What mattered most for margins or profitability?
PAT margin expanded sequentially by approximately 120.65 basis points to reach 12.91% in Q2 FY27, up from 11.70% in Q1 FY27, despite lower top-line revenue.
What are the main pressure points disclosed for the quarter?
Quarterly revenue from operations decreased by 6.68% sequentially from INR 146.28 crore in Q1 FY27 to INR 136.51 crore in Q2 FY27.
What should the next disclosure help confirm?
Monitor subsequent quarterly filings to assess whether the sequential top-line contraction in Q2 FY27 is temporary or part of a broader volume trend.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Revenue Recovery: Monitor subsequent quarterly filings to assess whether the sequential top-line contraction in Q2 FY27 is temporary or part of a broader volume trend.
- 02
Margin Sustainability: Observe whether the company can maintain its expanded PAT margin levels (12.91%) across future operating cycles.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.